The Chateau Apartments | 1744-1750 Huntington Dr
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The Chateau Apartments 1744-1750 Huntington Dr
5 Unit Block of Flats £1,983,713 (£396,743/Unit) 4.09% Net Initial Yield South Pasadena, CA 91030
Investment Highlights
- Prime South Pasadena Location
- Walking Distance to Marengo Elementary School, South Pasadena Middle & High Schools shopping, restaurants and public transportation
- Pride of ownership, meticulously maintained, charming, turnkey property
- Award Winning Schools
- 4 of 5 units upgraded. Unit Mix: 3- 1 bedrooms; 2- 2 bedrooms
- No city rent control, governed by statewide rent control AB 1482
Executive Summary
The Chateau Apartments is a well-maintained, pride-of-ownership, two-story walk-up apartment building, built in 1940, offering 5 units across 4,365 square feet on a 9,017-square-foot lot. The building features a pitched composition shingle roof, a raised foundation, and detached parking with 5 garage spaces. The unit mix consists of 3 one-bedroom, one-bath units (about 730 SF each) and 2 two-bedroom, one-bath units (about 980 SF each), with individual metering for gas, electricity, and hot water. 4 of the 5 units have been upgraded with recessed lighting, tile countertops and floors, newer kitchen cabinets, and updated bathrooms, while the 5th unit (1825 Milan) remains unchanged with a long-term tenant. All units feature hardwood floors, decorative fireplaces, and dining rooms. The property also offers a shared outdoor seating area for tenants, a common laundry room with owned machines, and recent improvements, including new copper plumbing, upgraded electrical panels, and a new roof installed in 2023. The building is under statewide rent control (AB 1482) but there is no local rent control.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,983,713 | Apartment Style | Low Rise |
| Price Per Unit | £396,743 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Net Initial Yield | 4.09% | Building Size | 4,365 SF |
| Gross Rent Multiplier | 15.34 | Number of Floors | 2 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Residential | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,983,713 |
| Price Per Unit | £396,743 |
| Sale Type | Investment |
| Net Initial Yield | 4.09% |
| Gross Rent Multiplier | 15.34 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,365 SF |
| Number of Floors | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.68/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £5,987 | 730 |
| 2+1 | 2 | £4,749 | 980 |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 5320-021-004 | Total Assessment | £1,588,048 |
| Land Assessment | £873,427 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £714,621 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5320-021-004
Land Assessment
£873,427
Improvements Assessment
£714,621
Total Assessment
£1,588,048
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R31, South Pasadena |
| R31, South Pasadena |
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The Chateau Apartments | 1744-1750 Huntington Dr
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